Overview: In 2018 Zambia was the number 105 economy in the world in terms of GDP (current US$), the number 83 in total exports, the number 108 in total imports, and the number 103 most complex economy according to the Economic Complexity Index (ECI). In 2018, Zambia exported $11.4B and imported $9.13B, resulting in a positive trade balance of $2.32B. In 2018, Zambia's exports per capita were $660 and its imports per capita were $526.
In 2018 Zambia exported a total of $11.4B, making it the number 83 exporter in the world. During the last five reported years the exports of Zambia have changed by -$944M from $12.4B in 2013 to $11.4B in 2018.
In 2018 Zambia imported $9.13B, making it the number 108 trade destination in the world. During the last five reported years the imports of Zambia changed by -$1.05B from $10.2B in 2013 to $9.13B in 2018.
In 2017, Zambia exported $855M worth of services. The top services exported by Zambia in 2017 were Business travel ($370M), Personal travel ($283M), Reinsurance ($75.4M), Transportation ($48.8M), and Telecommunications services ($37M).
The top services imported by Zambia in 2017 were Business travel ($156M), Reinsurance ($79.6M), Personal travel ($67M), Government services, n.i.e. ($58.2M), and Miscellaneous business, professional, and technical services ($56.9M).
This section shows forecasts for total product exports and imports for Zambia. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
*The tariffs applied to imports for Zambia are:115: Common Market for Eastern and Southern Africa (Group I) FTA Member States136: Most Favoured Nation duty rate treatement211: Preferential tariff for Eritrea (COMESA)214: Preferential tariff for Ethiopia (COMESA)302: Preferential tariff for South Africa347: Regional Preferential tariff for SADC countries
During the last 20 years Zambia's economy has become relatively less complex, moving from the 55th to the 103rd position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
Zambia has a high level of specialization in Raw Copper (702), Sulfuric Acid (179), Postage Stamps (165), Refined Copper (73.4), and Quicklime (60.6). Specialization is measured using RCA, an index that takes the ratio between Zambia observed and expected exports in each product.
The top export opportunities for Zambia according to the relatedness index, are Crude Petroleum (0.12), Gold (0.11), Other Oily Seeds (0.11), Uranium and Thorium Ore (0.11), and Chromium Ore (0.11). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Zambia is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
Zambia
